Saturday, August 31, 2013
Values of lumber, pulp and paper, and panelboard manufactured by Alberta Forest Products Association member companies totalled approximately $661 million for the 2nd quarter of 2013. The value of production was up $79 million (14%) from the same period last year. Compared to the 1st quarter of 2013, production values dropped approximately $10 million (1.4%).
“We are continuing to see prices maintain steady and sustainable levels,” said AFPA President and CEO Brady Whittaker. “Over 50 communities throughout Alberta depend on the forest industry, and predictable revenue streams are an important part of the economy and quality of life for these communities.”
Whittaker explained that a slight moderation in prices for the 2nd quarter of 2013 was expected. “The 1st quarter of 2013 was one of the strongest in recent memory. Prices have cooled slightly, but increased exports to Asia and more housing starts in the US mean a healthy market for forest products.”
AFPA members are significant social and economic contributors to Alberta. Innovation is a critical part of industry’s past success and future competitiveness. Companies continue to make strategic investments in increasing the efficiency of facilities, developing new products and markets, and caring for our environment.